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House Bill 17 would reclassify individually owned storage condominiums as residential property
Summary
Vice Chair Lorenz told the committee that House Bill 17 would classify individually owned, noncommercial storage condominiums (including car condominiums) as residential real property under Ohio law, narrowing the rule to individuals (not businesses) and citing ORC section 5713.041(B).
COLUMBUS — Vice Chair Lorenz told the House Development Committee that House Bill 17 would reclassify personally owned, noncommercial storage condominiums — often called car condominiums — as residential real property for property-tax purposes.
In sponsor testimony, Lorenz said constituents had raised concerns that…
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